My Update

Posted by Deb | Day Trading Journey | Thursday 7 February 2013 5:56 pm

It’s been a while since I’ve updated here. Last time I was trading I gave here an update almost every day, now for some reason I feel more shy of it.

Anyway, I have been trading, mostly on the demo, almost every business day in the last few weeks. I feel still unsure of myself, thus my profits are low, but except of a few days – one of them with quite a big loss on the demo, on a day I was not following my own rules –  I have been make profits.

I made a few more live trades, and they were also not bad. I am steadily regaining confidence. Today was annoying: I knew I was closing the trade too early, but I have been enough in the position and wanted to get out already. I made $75 over 2 contracts.

I have also started trading live on eToro, on which I have written here some time ago. I decided I have nothing to lose: On the demo I made about 12% in a few months without doing anything: When I first signed I copied a few of the traders, and than left it there without doing any checking or initiating any positions myself. It’s a better revenue than any other savings account in my bank, so I put some money there. Not much, but if live trading proves to be fruitful enough I will probably move there more money from my savings.

eToro currently have a nice promotion: You get a $20 gift cards to start trading if you join through the link of this banner here:

 

Now’s the time to try out eToro – the most user-friendly forex platform online.

Share

A Real Thriller

Posted by Deb | Day Trading Journey | Wednesday 16 January 2013 8:11 pm

I have been trading on the demo for the last few days, never losing, always making a very small profit. I decided I should wait until I make more on the demo before I get back to live trading, as I have to gain more confidence. I was thinking this morning that maybe when I see I am making bigger profits on the demo I could go back to live trading and make there small profits, or at least not loose money.

As usual, I started trading today on the demo. The entered with one position, than added two more. The graphs were clearly indicating the market would be going down, so I waited confidently until it did, and finally made a bigger profit: $125 on 3 contracts!

At this point I decided to try a small live trading. The graphs still indicated the market will be going down, and I wanted to try. I was anxious, not knowing what I should do, but driven to open the live trading.

I entered with one contract, added one more, and waited. And waited. And waited. The market was struggling with no end. I was biting my fingers, praying, cursing and blessing myself for going live, and waiting anxiously. The market was going up – against me – but I decided that today I will be confident in myself. So I waited and waited, and – voila! Tha market went down. It didn’t go down much, but finally I quit with a small profit of $37.5 on 2 contracts.  A small profit, but a good start.

I do not feel ready yet for real live trading. I hope I will have the strength to avoid this temptation a bit longer. I should first have more positive experience and confidence on the demo before going live. My adrenalin is still high, my heart rate is still high, I need to be less anxious. Anyway, today was a good boost.

 

Share

Another Good Trading Day on the Demo

Posted by Deb | Day Trading Journey | Monday 14 January 2013 10:25 pm

Today was a very smooth trading day: I opened the trading platform and charts, realized the market is about to go up, and entered quickly on 2 contracts. The market went up immediately, a few minutes of hesitation on the first 2 pips and then the first take-profit point was caught after 3 pips.

A few minutes later the market was up again, and when it hesitated more I brought down the other take-profit and exited the position with $75 on 2 contracts.

Why is it so easy only when I am on the demo?

Share

Good On Demo

Posted by Deb | Day Trading Journey | Thursday 10 January 2013 8:46 pm

As always, it is frustrating to see I make money on demo, but when I go on live I fail. Though today, I saw why I should stay for a while on the demo – I don’t have yet the assurance and conviction needed to wait on a good position.

I traded today on the demo only. When I opened the graph I saw a good opportunity for a short position. I didn’t jump in, checking first that indeed the market has not dived the full potential of the current downward direction, and then opened a position on short with one contract, but putting an order for 2 more contracts a bit higher.

The market was very hesitant, and after a while the 2 additional contracts were caught. But it still didn’t go down. It was going up and down, drawing a stairway-like graph.

Stairway Type Graph

After a while I decided to add 2 more contracts to average it out and get out of the position quicker. But this was not enough. The market went up again. But I was sure it will go down.

5 minutes later, the market went down. It was still jumpy, going through the stairway as in the graph, (or maybe I should call it going-down-on-waves?). I finally quit on 2 contracts, than added 2 higher, and finally quit the position with a profit of $75, which is not much for the number of contracts I put in.

Surely enough, in the next few minutes the market went further down, making my potential profit much higher.

What did I learn from that? That I should be more sure of myself. Even on the demo I wasn’t sure enough to wait through. With live trade I would have probably quit earlier, maybe with a loss.

 

 

Share

What Brings You Here?

Posted by Deb | Uncategorized | Wednesday 9 January 2013 6:44 pm

My Survey:

My blog has lots of visitors (hundreds every day), but most of them don't leave any comment. Most of the comments I get are from spammers or SEO people who are trying to get traffic for their own sites. I am getting curious: Who are my visitors? I would love hearing more from them. In order to have a better understanding of who is stopping by, I decided to create this quiz. Please take a minute to answer.
  • Step 1
  I an experienced trader interested in reading about this subject I am a beginning trader looking for information and advice SEO - looking for a blog to publish my articles SEO - looking for a place to put in comments with my link I found here an article or post not related to trading that interested me Some other reason (I'd love to hear it)
What brings me to this blog?
Share

The Murder of Yasser Arafat

Posted by Deb | Day Trading Journey | Wednesday 9 January 2013 3:14 pm

I have just read this Kindle Book from Delta4 (a publishing company of 2 journalists – Matthew Kalman and Matt Rees): It is captivating as a thriller, and earth-shaking in its implications. A MUST read for anyone interested in the Middle East. I am anxiously waiting for the responses, accusations and comments from those implicated in this book and other Palestinian and Israeli leaders.

Hurry and get it from the Kindle shop in Amazon:

 

The Murder of Yasser Arafat

Share

So Frustrating

Posted by Deb | Day Trading Journey | Tuesday 8 January 2013 10:18 pm

I keep making money on the demo and losing when doing live trade. This is so frustrating!

I started today on the demo,  For the first 2 positions, the market was indecisive so I quit quickly, making only $12.5 (one pips) for each. Then I joined the markets direction and entered a short position, and made another $75 with 2 contracts.

A few hours later I decided to try again with live trading. Everything went against me!  With the first position the market again was indecisive, and I quit on the same point I went in, making $0 and losing the fees. Then I decided joining the downward direction, and of course just than the market *jumped* up, making me losing $50 on an instant.

I was stubborn and tried again, and lost another $50.

I should probably just stick to the demo for a while.

Share
« Previous PageNext Page »